Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $16.59 and traded as low as $16.50. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.5450, with a volume of 140,749 shares.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The business’s 50 day moving average is $16.59 and its 200 day moving average is $16.54.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.1005 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gridiron Partners LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 229.1% in the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after buying an additional 338,939 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 489,280 shares of the financial services provider’s stock worth $7,970,000 after acquiring an additional 57,473 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 8.6% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 386,181 shares of the financial services provider’s stock worth $6,291,000 after purchasing an additional 30,443 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at $58,000. Finally, Ceera Investments LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at $394,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.